Thursday, March 12, 2026

The US equity market experienced a significant decline on March 12, 2026, with the S&P 500, Nasdaq, and Dow Jones Industrial Average all falling by 1.52%, 1.78%, and 1.56%, respectively. This bearish sentiment was evident across the major indices, reflecting a widespread sell-off. The negative mood was further underscored by the significant underperformance of technology, consumer discretionary, and industrial sectors, which were among the worst-hit.

Sector-wise, energy and utilities were the only bright spots, with gains of 0.93% and 0.71%, respectively. Materials also managed to eke out a small gain, although it was a modest 0.32%. In terms of specific stocks, General Electric, Intel, and Boeing were among the notable losers, with declines of 5.7%, 5.7%, and 4.4%, respectively. The sell-off was not entirely unexpected, given the warnings issued by a technician, economist, and permabear in a recent Barron’s article, which suggested that a big stock market selloff was looming.